TOKYO  – Sumitomo Mitsui Financial Group (SMFG) priced $1.04 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major Japanese bank to sell them since the value of similar bonds issued by Credit Suisse was wiped out. SMFG priced the bonds in two tranches, in 89 billion yen ($662.50 million) five-year notes, and … Continue reading SMFG is first global bank to sell AT1 bonds since Credit Suisse’s wipeout